ICT magazine

Singapore’s Straits Times Index was little changed at 2,915.70 at the close. The measure advanced 1.2% this week, its third weekly gain. Four stocks fell for every three shares that rose on the 30-member gauge. Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times ...

Singapore’s Straits Times Index gained 0.3% to 2,923.77 as of the 12:30 p.m. trading break. The measure was set for a 1.5% advance this week. Almost three stocks rose for every two shares that fell on the 30-member gauge.   Shares on the measure trade at 15.2 times estimated earnings, compared with ...

Cache Logistics plans to raise up to $334 million ($466.2) in a Singapore initial public offering, according to a term sheet seen by Reuters on Friday.    The property trust, which will be managed by ARA Asset Management (ARAM.SI), lodged its preliminary prospectus with the Monetary Authority of Singapore on Thursday.    {jcomments on}  

Sembcorp Marine (SCMN.SI), the world's second largest offshore oil rig maker, said today it has secured a $550 million contract from ConocoPhillips (COP.N) to build accommodation for the North Sea’s Ekofisk field.    {jcomments on}

Singapore’s Straits Times Index dropped 0.2% to 2,913.94 at the close. Almost two stocks fell for each that rose on the 30-member gauge. Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. ...

London-based hedge fund manager Algebris Investments LLP is in talks to set up a base in Asia over the next few months, joining a slew of Western managers driven to the region in search of higher returns and a friendlier regulatory environment, two sources said.    Top officials from Algebris — backed ...

Australian energy firm SP AusNet (SPN.AX) (SPAU.SI), part owned by Singapore Power, has priced A$300 million ($257 million) of 7.5-year notes at 160 basis points over swap to refinance debt, it said on Thursday.   The offer, launched as a A$200 million size deal but capped at A$300 million, paid a slighly ...

As I highlighted earlier this week, we have published a fascinating interview with Saab's new owner Victor Muller today. The 'orphaned' brand faces major challenges ahead, but at least he has a plan and appears to have an understanding of the brand. In the short-run, the product cupboard isn't looking too bad. Saab is indeed ...

Singapore’s Straits Times Index rose 0.8% to 2,919.30 at close of trading. Almost four stocks advanced for each that fell.   Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were among ...

Singapore will meet or exceed a target of $25 billion a year in biomedical manufacturing output by 2015, the city-state’s Economic Development Board said at a briefing today.   {jcomments on}  

Singapore’s Straits Times Index rose 0.1% to 2,899.39 as of 9:38 a.m. local time. About five stocks advanced for every three that fell.   Shares on the measure trade at 15.1 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following ...

CapitaMall Trust sold $100 million of 3.85% fixed-rate bonds maturing in 2017, according to a statement to the Singapore stock exchange. The notes were sold under the company’s $2.5 billion multi-currency medium term notes programme and DBS Group Holdings managed the sale, the statement said.   {jcomments on}      

Singapore’s Straits Times Index fell 0.2% to 2,874.33 as of the close of trading. Nearly the same number of stocks rose that fell on the 30-member gauge.   Shares on the measure trade at 15 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled ...

Singapore Technologies Telemedia agreed to buy a 33% stake in U Mobile, a Malaysian mobile phone operator, from U Television, according to a joint statement from U Mobile and ST Telemedia.   The companies didn’t disclose the price of the sale.   ST Telemedia is a unit of Temasek Holdings.   {jcomments on}  

Singapore’s Straits Times Index fell 0.1% to 2,858.53 as of the 12:30 p.m. trading. Five stocks rose for every three shares that fell on the 30-member gauge.   Shares on the measure trade at 14.9 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled ...

Sembcorp Marine (SCMN.SI), the world's second largest offshore oil rig maker, said on Thursday it has secured a $130 million from a unit of Brazilian state-run oil firm Petrobras.    {jcomments on}  

The problem of 'unintended acceleration' is indeed a thorny one and the media is like a dog with a bone. It is becoming increasingly difficult to distinguish between a genuine issue and something that is contrived by an over-zealous journalist/publisher/broadcaster or simply an unfortunate incident blown up out of all proportion.  Anyway, we have ...

Singapore’s Straits Times Index gained 0.8% to 2,862.29 at the close. Four stocks advanced for each that fell on the 30-member gauge.   Shares on the measure trade at 14.9 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were ...

Thai telecoms group Shin Corp  (SHIN.BK) said on Wednesday its major shareholder, Singapore’s Temasek (TEM.UL), had no plans to sell its stakes in the Thai  firm or in satellite unit Thaicom (THCOM.BK). A court verdict on Feb. 26 that former Thai premier Thaksin  Shinawatra concealed ownership of shares in ...

Singapore’s Straits Times Index gained 0.6 percent to 2,857.76 as of 10:05 a.m. local time. Twenty-six stocks on the 30-member gauge advanced.   Shares on the measure trade at 14.9 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were ...